China Virus Bailout Coin – Shouldn’t Go to Chinese Companies

There has been much back-and-forthing over whom should and shouldn’t get money from the CARES Act.

You know the CARES Act. The $3 trillion bailout bill passed by government to compensate people for governments forcing them to shutdown their lives and businesses – in the name of the China Virus FREAK OUT!!!

A particular favorite of mine – in examples of recipients…who shouldn’t be recipients?

“Chicago’s @CTA has big federal resources heading its way to keep the transit system operational and to keep people moving where they need to go. $817M will aid in the economic recovery — buy Made in the USA!”

Actually, CTA received an even more generous $1.43 billion in bailout coin.

“So what did Chicago do w $1 billion of Corona relief? They are set to contract to buy $1 billion of Chinese trains from a company controlled by the Chinese government. Who in Congress will step in now and demand that we stop buying these commie trains w our money?!”

Wait – this has to be a joke, right? Well, it is – albeit a really awful one.

METRA’s board meeting to decide on from whom to purchase their new cars – is May 20. Yes, that’s soon. Mañana – if you’re reading this the day it published.

And most indicators are – Chicago is going to go Communist China.

This Communist China choo-choo problem – is not new. Cities have been fighting for the right to sell us all out – for years.

“Transit agencies in Los Angeles, Boston, Chicago and Philadelphia have all signed rail contracts worth hundreds of millions of dollars with Chinese state-supported CRRC Corp. Ltd., a company that’s become a focus of lawmakers worried about national security threats from China.

“The company has undercut its competition for contracts by hundreds of millions of dollars, critics say, coming in with bids 20 percent less than rivals in several cases and almost 50 percent cheaper than the highest bidder in at least one instance.”

How does Communist China’s train company bid so low? Artificially – with massive government subsidies pumped in from back home. (Which, ironically, was also our money.)

Massive government subsidies – has nothing to do with a free market. Or a fair market.

It has to do with China flooding the market with Communist cash – to drive all other competitors out of the picture.

“Congress has moved forward with reauthorization of the National Defense Authorization Act (NDAA), with the House voting to include language known as the Transit Infrastructure Vehicle Security Act (TIVSA).